The
John & Mary Smith Living Trust has TAXABLE INCOME of $30,000.
The Smith Trust income falls between:

Between

But
Not Over

Base
Tax

+
Rate

Of
the Amount Over

$8,650

-
- - - -

$2,447.00

39.6%

$8,650

John
& Mary Smith Living Trust's Estimated Taxes

=
Base Tax + (Rate x Amount Over)

=
$2,447.00 + [.396 x ($30,000 - $8,650)]

=
$2,447.00 + (.396 x $21,350)

=
$2,447.00 + $8,454.60

=
$10,901.60

Example
#2

The
estate of Mary Doe, over the 2000 tax year, generates TAXABLE INCOME
of $5,000. The Doe estate's income falls between:

Between

But
Not Over

Base
Tax

+
Rate

Of
the Amount Over

$4,150

$6,300

$934.50

31%

$4,150

The
Estate of Mary Doe 's Estimated Taxes

=
Base Tax + (Rate x Amount Over)

=
$934.50 + [.31 x ($5,000 - $4,150)]

=
$934.50 + (.31 x $850)

=
$934.50 + $263.50

=
$1,198.00

This equation
does not reflect standard deductions, mortgage deductions, or any other
credits that may decrease your estimated taxable income. Use only for
2000 income taxes. Actual tax tables may apply if your income is less than $100,000. For illustrative and planning purposes only.